GMR Solutions (NYSE:GMRS) Stock Price Down 3.7% – Time to Sell?

GMR Solutions Inc. (NYSE:GMRS)’s stock price dropped 3.7% during trading on Friday . The company traded as low as $13.59 and last traded at $13.61. 123,477 shares changed hands during trading, a decline of 86% from the average daily volume of 857,601 shares. The stock had previously closed at $14.14.

Analysts Set New Price Targets

GMRS has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of GMR Solutions to a “hold” rating in a report on Tuesday, June 9th. Weiss Ratings assumed coverage on GMR Solutions in a research note on Friday, August 14th. They set a “sell (d)” rating on the stock. Bank of America began coverage on GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $18.00 target price for the company. Evercore upgraded GMR Solutions to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Monday, June 8th. Finally, The Goldman Sachs Group set a $30.00 price target on GMR Solutions in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GMR Solutions currently has an average rating of “Moderate Buy” and an average price target of $18.67.

GMR Solutions Trading Down 5.2%

The stock has a market cap of $724.44 million and a price-to-earnings ratio of -8.60. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01. The company’s 50 day moving average price is $13.53.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($2.22). The firm had revenue of $1.49 billion for the quarter. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that GMR Solutions Inc. will post 1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GMR Solutions stock. Two Sigma Securities LLC acquired a new stake in shares of GMR Solutions Inc. (NYSE:GMRS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,902 shares of the company’s stock, valued at approximately $169,000.

GMR Solutions Company Profile

GMR Solutions Inc is a provider of emergency medical services delivering EMS and other essential out-of-hospital care in rural and urban communities. GMR Solutions Inc is based in Lewisville, Texas.